Question

A retailer buys a television set from a wholesaler for ₹ 40,000. He
marks the price of the television set 15 % above the cost price and
sells it to a consumer at 5 % discount on the marked price. If the sales
are intra-state and the rate of GST is 12 %, find:
i) the marked price of the television set.
ii) the amount of tax paid by the retailer to the Central
Government.
iii) the amount of tax received by the State Government for the
sale of television set.

Answer 1

Answer:

It is a case of intra-state transaction of goods and services

SGST=CGST=

2

1

GST

The amount of tax (under GST) paid by the retailer to the Central Government

CGST paid by shopkeeper =6% of Rs.40000

=(6/100)×40000=Rs.2400

SGST paid by shopkeeper =6% of 40000=Rs.2400

Shopkeeper sells the article to consumer =Rs.43700

GST collected by shopkeeper =12% of Rs.43700

=(12/100)×43700=Rs.5244

CGST of shopkeeper=GST=6% of Rs.43700

=(6/100)×43700=Rs.2622

The amount of tax (under GST) paid by the retailer to the Central Government=Rs.2622−Rs.2400=Rs.222

It took too long to type

Please Mark as Brainliniest

Answer 2

Answer:

GST

The amount of tax (under GST) paid by the retailer to the Central Government

CGST paid by shopkeeper =6% of Rs. 40000

=(6/100)*40000=Rs. 2400

SGST paid by shopkeeper =6% of 40000=Rs.2400

Shopkeeper sells the article to consumer =Rs.43700

GST collected by shopkeeper =12% of Rs.

43700

=(12/100)x43700=Rs.5244

CGST of shopkeeper-GST=6% of Rs. 43700

=(6/100)x43700=Rs.2622

The amount of tax (under GST)

paid by the retailer to the Central

Government=Rs.2622-Rs.2400=Rs.222